Accounting : Flexible Budgets

Flexible BudgetStudent NameSubject NameProfessor Name2nd June 2017Why are flexible budgets useful?The flexible budgets are useful due to customization feature and they facilitate managementin decision-making framework. The discussion below describes the reasons why flexible budgetsare useful. There are different formulas incorporated in the flexible budget that help themanagement to adjust the expenses versus actual expense due to change in circumstances. Sincechange is always predictable and it cannot be constant therefore the adaptability of the flexiblebudget is the key feature behind their usefulness (Mariana RADU, George Ciprian). The flexiblebudget is useful in a seasonal business where the demand change suddenly and its not possibleto anticipate exact demand. The flexible budgets are simplest to adopt moreover flexible budgetutilize the percentage of revenue fo ...


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